Nadav Hamo sells 3-family in East Williamsburg for $3.3M

The entity 18 Orient Avenue LLC in care of the law firm Wilk Auslander, paid $3.3 million to Nadav Hamo through the entity 18 Orient Group LLC for the three-unit building (C0) at 18 Orient Avenue in East Williamsburg, Brooklyn. The expected use is cash flowing.
The deal closed on July 17, 2025 and was recorded on August 1, 2025. The property has 2,160 square feet of built space and 475 square feet of additional air rights for a total buildable of 2,640 square feet according to a PincusCo analysis of city data. The sale price per built square foot is $1,509 and the price per buildable square foot is $1,234 per the PincusCo analysis. (The price per square foot analysis is the transaction price divided by square feet as reported in public records and assumes no air rights have been sold.)
The signatory for Nadav Hamo was Nadav Hamo. The signatory for Wilk Auslander registered was James C. Kennedy . The contract date was June 11, 2025.

Prior sales and revenue

Prior to this transaction, PincusCo has no record that the buyer Wilk Auslander registered had purchased any other properties and has no record it sold any properties over the past 24 months.
The seller Nadav Hamo had not purchased any other properties and sold two properties in two transactions for a total of $5.3 million over the same time period.

The property

The 1-4 family building with 3 residential units in East Williamsburg has 2,160 square feet of built space and 475 square feet of additional air rights for a total buildable of 2,640 square feet according to a PincusCo analysis of city data. The parcel has frontage of zero feet and is zero feet deep with a total lot size of 1,320 square feet. The zoning is R6B which allows for up to 2 times floor area ratio (FAR) for residential with inclusionary housing. The city-designated market value for the property in 2022 is $2.4 million.

Violations and lawsuits

There were no lawsuits or bankruptcies filed against the property for the past 24 months. In addition, according to city public data, the property has not received any significant violations in the last year.

Development

There are no active new building construction projects or major alteration projects with initial costs more than $1 million on this tax lot.

The block

On this tax block, PincusCo has identified the owners of three of the seven commercial properties representing 16,599 square feet of the 37,239 square feet. The two identified owners are Astral Weeks and Domenick Pietrzak.
On the tax block, there was one new building construction project filed totaling 5,186 square feet. It is a two-unit, 5,186 square-foot residential (R-3) building submitted by Robert Michaeli with plans filed September 19, 2023 and permitted December 5, 2024.

The majority, or 52 percent of the 37,239 square feet of built space are walkup buildings, with industrial buildings next occupying 27 percent of the space.

The seller

The PincusCo database currently indicates that Nadav Hamo owned at least one commercial property with six residential units in New York City with 6,996 square feet and a city-determined market value of $1.9 million. (Market value is typically about 50% of actual value.) The portfolio has $17.5 million in debt, borrowed from Ascent Developer Solutions. The portfolio consists of at least a single mixed-use property. It is located in Manhattan.

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